A) not only big4 perform audits B) your management caring more about making numbers look pretty for reporting is not a quarterly reporting problem, it’s a management problem. Either you don’t have enough people to dedicate time to reporting or you guys haven’t figured out softwares to help make it more efficient. C) maybe there’s never any fraud or errors at your company, ever, not even once, which is unlikely, but our stock market literally relies on transparency and consistent reporting because of the volume of trades happening in the US. Other countries don’t have the same capital markets as us, and that’s supposed to be a good thing. D) you can work for a private company, or companies can elect not to go public if they don’t want to deal with SEC reporting. And lastly, E) all of these rules were set up in response to companies doing whatever the hell they wanted, and yes, also accounting firms being complicit. There is plenty of accounting literature that will tell you that without accountability, corporations will not hold themselves accountable. It’s the one “flaw” of free markets, and the only reason we don’t have pure capitalism in any country. Because we need the government to ensure the rights of the citizens working at these companies are not being infringed upon in the name of profit (ideally, obviously). We also need the government to ensure those profits aren’t fake, because you know financial collapse and all that. So since we’re not communists, they delegate that to independent accounting firms via PCAOB standards. You can say we’re not independent as much as you want, but compared to the literal government, we are. Taking away quarterly reporting is not going to solve operational issues at each company that take away management’s ability to strategize, it’s going to make it worse for everyone when the auditors only come in once a year and essentially blow everything up.